Mcx Market Watch Today

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GOLD:

Trend updated for-Mar/02/2013.CMP-29717 Overall trend of the Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatility is very less Buy the Gold above 30760 or buy with strict stop at 29146. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position. Positionally Immediate support for Gold is 29146.Resistance for the Gold is 29839-30037-30278-30539-30749-30996-

SILVER:

Trend updated for-Mar/02/2013.CMP-53711 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in SELL position. Positionally Immediate support for Silver is 52411.Resistance for the Silver is 54149-55003-56366-57652-58580-59325-

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